Toronto receives $67M from provincial building fund

The Ontario government granted Toronto nearly $67.2 million from the Building Faster Fund for achieving 88% of its 2024 housing target by starting 20,999 new homes. This funding supports housing and community infrastructure development. The $1.2 billion, three-year program encourages faster municipal approvals to boost home construction. The government also extended the fund spending deadline to 2028 to aid growing communities.